Ondas Inc. Common Stock (ONDS) — Stock Correlations & Overview
Over the past year, ONDS has moved most closely with RCAT, UMAC, MEME. Explore the stocks most correlated and inversely correlated with ONDS below, along with its price, financials, and company profile.
Stocks correlated with ONDS
Correlation of daily returns. Higher positive values move with ONDS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ONDS
| Symbol | Company | Correlation |
|---|---|---|
| RCAT | Red Cat Holdings, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.69 |
| UMAC | Unusual Machines, Inc.RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.64 |
| MEME | Roundhill Meme Stock ETF | 0.63 |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 0.62 |
| ARKX | ARK Space & Defense Innovation ETF | 0.61 |
Most inversely correlated with ONDS
| Symbol | Company | Correlation |
|---|---|---|
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.52 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.51 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.50 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.50 |
| TWM | ProShares UltraShort Russell2000 | -0.50 |
Frequently asked questions about ONDS correlations
- Which stocks are most correlated with ONDS?
- Based on one year of daily returns, the stocks most correlated with Ondas Inc. Common Stock (ONDS) are RCAT (0.69), UMAC (0.64) and MEME (0.63). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ONDS?
- Over the past year, the stocks most inversely correlated with Ondas Inc. Common Stock (ONDS) are RGTZ (-0.52), SARK (-0.51) and IONZ (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ONDS correlations calculated?
- We compute the correlation of daily returns between ONDS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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